PM SVANidhi Scheme: How Street Vendors Can Access Collateral-Free Loans Up To Rs 50,000

Oct 13, 2025 04:03 pm CST

The PM SVANidhi scheme offers working capital loans up to Rs 50,000 without collateral to street vendors across India. Launched in June 2020, the program includes benefits like 7% interest subsidy, digital payment cashbacks, and simplified application processes to support small entrepreneurs and promote financial independence.